Fluidra Loses 3,7 millions in the first quarter, affected by exceptional factors

Fluidra, group multinational that cotiza in the Spanish Stock exchange and devoted to the development of applications for the sustainable use of the water, has presented today the corresponding results to the first quarter of 2014. The sales reach 130,6 million euros, 6,8% less with regard to the same period of the previous year, had to mainly to three factors: the fluctuations of the exchange rates of the euro in front of multiple currencies, the division projects key in enclosed hand to finals of 2013, and a change in the conditions of supply to the big surfaces that causes a trip of sales to the second and third quarters.

Spain shows symptoms of recovery and presents practically plane in spite of the effect of the deliveries to the big surfaces. The Centre/North and East of Europe grow to the 15,8 and 12,6% respectively, and Asia/Australia also registers growths in local coin. By units of business, Swimming pool reaches some sales of 90,2 million euros (-5,7%), because of the effect of the deliveries to the big surfaces. Treatment of the Water remains stable in 18,4 million euros, whereas Irrigation sees affected by a bad beginning of the campaign going down of 7,7 to 6,5 million euros. The sales of Driving of Fluids grew 3%, of 14,7 to 15,2 million euros, thanks to a good evolution in Europe, Middle East and Russia.

The descent of sales in the first quarter, period in which the results are used to approximate to the deadlock, carries to a negative result of 3,7 million euros (in front of -2,2 million euros in the same period of the previous year), and a reduction of the Ebitda of 10,0 to 9,2 million euros (-7,8%) in the first three months of the year. For the adviser delegated of Fluidra, Eloi Plans, “the estacionalidad own of the sector, in which the second and third quarter are the most important, converts the first quarter in little significant. The results are on line with our expectations. They are affected by the currencies, the closing of projects and the deliveries displaced to the big surfaces. The good news is that intuyen symptoms of recovery, also in the South of Europe. We follow with our strategy to grow and to invest internationally, in a frame of financial stability”.